TIDMBIDS

RNS Number : 6464G

Bidstack Group PLC

27 July 2021

27 July 2021

Bidstack Group Plc

("Bidstack" or the "Company")

Grant of Share Options

Bidstack Group plc (AIM: BIDS), the native in-game advertising group, announces that, as set out in the Circular published by the Company on 2 July 2021, on 26 July 2021 it granted 32,703,334 new share options ("New Options") to employees and certain members of the advisory committee under the terms of the Bidstack Group Plc Enterprise Management Incentive ("EMI") Share Option Scheme 2018 and the Bidstack Group Plc Unapproved Share Option Scheme 2018. The New Options represent 3.51% of the enlarged issued share capital of the Company.

All of the New Options will be exercisable at a price of 2 pence per share except for certain of the New Options which have granted to members of the advisory committee which will be exercisable at 4 pence per share. All the employees and advisers who have been granted New Options have agreed to surrender their existing options. Save for New Options granted to option holders who have surrendered existing options, where the exercise date applicable to New Options equivalent to their existing entitlements will be maintained, all of the New Options will be exercisable three years after the date of grant, save in usual circumstances including the Company being the subject of a takeover offer, and all of the New Options will expire ten years after the date of grant.

As stated on 2 July 2021, the Company proposes to adopt a new Long Term Incentive Plan ("LTIP") to incentivise the Company's founders, executive directors and other senior managers. It is envisaged that LTIP awards will comprise approximately five per cent of the enlarged issued share capital of the Company and will be subject to performance criteria linked to clear financial objectives. LTIP awards are likely to be exercisable at nominal value from the third anniversary of the relevant award.

In addition a further five per cent of the enlarged issued share capital of the Company is envisaged to be made available to option holders subject to performance criteria requiring exceptional returns for the Company and its shareholders.

The Company's remuneration committee is considering appropriate performance criteria for these proposed options. Further announcements will be made in due course.

The Company announces the following PDMR dealings in accordance with Article 19 of the Market Abuse Regulation:

FORM FOR NOTIFYING DEALINGS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                               Lewis Sherlock 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Chief Revenue Officer 
     ---------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment     Initial Notification 
     ---------------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                               Bidstack Group Plc 
     ---------------------------------  ------------------------------------ 
 b)   LEI                                213800Q47UWF61LMRR02 
     ---------------------------------  ------------------------------------ 
 4.   Details of the transaction(s): section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv) each place where transactions have been 
       conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the financial       Ordinary Shares of 0.5 pence each 
       instrument 
     ---------------------------------  ------------------------------------ 
 b)   Identification code                GB00BZ7M6059 
     ---------------------------------  ------------------------------------ 
 c)   Nature of the transactions         Grant of Options 
     ---------------------------------  ------------------------------------ 
 d)   Price(s) and volume(s)             Exercise price: 2 pence per share 
                                          Volume: 3,000,000 options 
     ---------------------------------  ------------------------------------ 
 e)   Aggregated information             As for d) above 
       - Aggregated volume 
       - Price 
     ---------------------------------  ------------------------------------ 
 f)   Date of the transactions           26 July 2021 
     ---------------------------------  ------------------------------------ 
 g)   Place of the transactions          Off market 
     ---------------------------------  ------------------------------------ 
 

- Ends -

Contacts:

 
  Bidstack Group Plc 
   James Draper, CEO                               via Buchanan 
  SPARK Advisory Partners Limited (Nomad)        +44 (0) 203 368 
   Mark Brady / Neil Baldwin / James Keeshan      3550 
 
                                                   +44 (0) 20 7397 
                                                   1933 
  Cenkos Securities Plc (Joint Broker)             +44 (0) 20 7397 
   Michael Johnson / Dale Bellis (Sales)           1928 
                                                   +44 (0) 20 7397 
   Giles Balleny (Corporate Finance)               8951 
  Stifel Nicolaus Europe Limited (Joint 
   Broker)                                         +44 (0) 20 7710 
   Fred Walsh / Luisa Orsini Baroni                7600 
  Buchanan Communications Limited 
   Chris Lane / Stephanie Watson / Kim van 
   Beeck                                           +44 (0) 20 7466 
   bidstack@buchanan.uk.com                        5000 
 

Notes to editors

About Bidstack

Bidstack is an advertising technology company which provides dynamic, targeted and automated native in-game advertising for the global video games industry across multiple platforms. Its proprietary technology is capable of inserting advertisements within video games. Bidstack's customers are games publishers and developers (on the supply side), and advertising agencies, brands and media-buying platforms (on the demand side).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFLFFVDRIDFIL

(END) Dow Jones Newswires

July 27, 2021 09:27 ET (13:27 GMT)

Bidstack (LSE:BIDS)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Bidstack.
Bidstack (LSE:BIDS)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Bidstack.